Brad Burnham
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USV’s New $900M Fund: Fred Wilson, Rebecca Kaden & Mike Mignano
Fred Wilson, Rebecca Kaden, Mike Mignano, Michael Mignano, Nick Grossman, Brad Burnham, Molly O'Shea
Union Square Ventures closed its latest fund with $900 million in commitments to strategically invest in 30 to 40 companies focused on AI applications, physical AI, and energy infrastructure. The firm is shifting toward seed and Series A rounds with larger check sizes to maintain significant ownership stakes while incubating proprietary seeds that prioritize open-source models and deep market restructuring over incremental automation. Partners Mike Mignano, Rebecca Caden, and Fred Wilson emphasize a "Rebel Alliance" approach to dismantle legacy gatekeepers and build long-term value in emerging markets like nuclear power and robotics, targeting single-digit billion-dollar exits through concentrated bets on future utility rather than current revenue metrics.